Brokers Expect Kinsale Capital Group, Inc. (NASDAQ: KNSL) to Show Quarterly Sales of $ 129.46 Million
Equity research analysts predict Kinsale Capital Group, Inc. (NASDAQ: KNSL) to report sales of $ 129.46 million for the current quarter, according to Zacks investment research. Two analysts have released earnings estimates for Kinsale Capital Group. The highest sales estimate is $ 130.24 million and the lowest is $ 128.69 million. Kinsale Capital Group reported sales of $ 80.35 million in the same quarter last year, suggesting a positive growth rate of 61.1% year-over-year. The company is due to publish its next quarterly earnings report on Thursday, April 29.
On average, analysts expect Kinsale Capital Group to report annual revenue of $ 563.90 million for the current fiscal year, with estimates ranging from $ 549.30 million to $ 573.91. millions of dollars. For the next fiscal year, analysts predict the company will report sales of $ 659.71 million, with estimates ranging from $ 643.35 million to $ 676.06 million. Zacks’ sales averages are an average based on a survey of research analysts who provide coverage for Kinsale Capital Group.
Kinsale Capital Group (NASDAQ: KNSL) last released its results on Wednesday, February 17. The financial services provider reported earnings per share of $ 1.14 for the quarter, beating the Zacks’ consensus estimate of $ 0.79 by $ 0.35. The company posted revenue of $ 139.33 million in the quarter, compared to analysts’ estimates of $ 122.29 million. Kinsale Capital Group had a net margin of 16.47% and a return on equity of 13.42%.
A number of analysts have recently weighed on the stock. Compass Point upgraded Kinsale Capital Group shares from a ‘neutral’ to a ‘buy’ rating and set a price target of $ 225.00 on the stock in a research note on Thursday, March 4. . Truist Financial raised its price target on Kinsale Capital Group shares from $ 220.00 to $ 245.00 in a research note on Thursday, January 14. One equity research analyst rated the stock with a sustaining rating and four gave the company a buy rating. Kinsale Capital Group has a consensus rating of “Buy” and a consensus target price of $ 198.50.
Institutional investors have recently changed their stakes in the company. Prime Capital Investment Advisors LLC increased its stake in Kinsale Capital Group by 64.6% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 158 shares of the financial services provider valued at $ 32,000 after purchasing 62 more shares in the last quarter. Dorsey Wright & Associates raised its position in Kinsale Capital Group shares by 33.5% in the fourth quarter. Dorsey Wright & Associates now owns 235 shares of the financial services provider valued at $ 47,000 after purchasing 59 additional shares in the last quarter. KBC Group NV acquired a new position in shares of Kinsale Capital Group during the fourth quarter valued at approximately $ 63,000. Capital Asset Advisory Services LLC acquired a new position in shares of Kinsale Capital Group during the fourth quarter valued at approximately $ 70,000. Finally, Valeo Financial Advisors LLC raised its position in Kinsale Capital Group shares by 29.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 420 shares of the financial services provider valued at $ 84,000 after purchasing 95 additional shares in the last quarter. 82.80% of the shares are currently held by hedge funds and other institutional investors.
NASDAQ KNSL open at $ 167.88 on Mondays. The stock has a market cap of $ 3.82 billion, a P / E ratio of 56.15 and a beta of 0.82. The company’s 50-day simple moving average is $ 177.70 and its 200-day simple moving average is $ 200.80. Kinsale Capital Group has a twelve-month low of $ 97.82 and a twelve-month high of $ 252.70. The company has a quick ratio of 0.15, a current ratio of 0.15, and a debt ratio of 0.08.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 12. Shareholders of record on Friday, February 26, received a dividend of $ 0.11 per share. This represents an annualized dividend of $ 0.44 and a return of 0.26%. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $ 0.09. The ex-dividend date of this dividend was Thursday, February 25. Kinsale Capital Group’s dividend payout ratio is currently 18.26%.
Kinsale Capital Group Company Profile
Kinsale Capital Group, Inc., a specialty insurance company, provides property and casualty insurance products in the United States. Its business line offerings include construction, small business, excess and general insurance, commercial property, related health, life sciences, energy, environment, healthcare, inland marine, public entities and commercial insurance, as well as product, professional and liability insurance management.
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